Bango (LON:BGO) Given “Buy” Rating at Berenberg Bank

Bango (LON:BGO – Get Rating)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 300 ($3.90) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 64.71% from the company’s previous close.

BGO opened at GBX 182.14 ($2.37) on Wednesday. The stock has a fifty day moving average of GBX 185.51 and a 200-day moving average of GBX 187.51. The firm has a market capitalization of £138.54 million and a P/E ratio of 455.35. Bango has a 12-month low of GBX 173 ($2.25) and a 12-month high of GBX 234 ($3.04). The company has a quick ratio of 2.93, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

About Bango (Get Rating)

Bango plc, together with its subsidiaries, develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Marketplace that enables app marketers in finding Bango Audiences to directly reach new paying users; Bango Payments, which connects online app stores and merchants to approximately 3 billion users; Bango Resale, a solution to deliver the results from reselling and bundling products and services; and Bango Boost+, a customer and revenue growth program.

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